Wharton's Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in its 110-year history - MarketWatch

Jeremy Siegel argued the Fed made a massive policy mistake last year by not moving to tighten monetary policy before inflation got out of hand. He mocked the Fed and Powell for insisting inflation would quickly fade on its own. Siegel said the central bank is making working- and middle-class Americans pay with what he expects will be a punishing recession.
#JeremySiegel #Fed #Americans #News #Business #Economy


Yesterday

Dow futures slump nearly 200 points as investors brace for more Fed tightening - MarketWatch

The Dow Jones Industrial Average DJIA, -0.45%, fell 139 points, or 0.45%, to 30822, the S&P 500 SPX, 0.72% declined 28 points. The Nasdaq Composite COMP, 0.90% dropped 104 points to 11448. A rate hike of three-quarters of a point is expected.
#Fed #DowJonesIndustrialAverageDJIA #Nasdaq #News #Business #Markets


6 days ago

Queen's funeral may tip U.K

The announcement of another bank holiday on sept. 19 could dampen GDP at the margin. The average family has £40 ($46) less per week to spend in July, a decline of 16.5%.
#Queen #MarketWatch #News #Business #Economy


1 weeks ago

Fed will need 'great skill' and 'good luck' to bring down inflation without crashing the economy, Yellen says - MarketWatch

Yellen said there is still a path to accomplishing a soft landing. "we’ve got a good, strong labor market and I believe it is possible to maintain that," she said. The president has been supportive of the Fed’s rate hikes this year.
#Yellen #Fed #News #Business #Economy


1 weeks ago

2-year Treasury yield hits highest level since 2007 as bond selloff continues - MarketWatch

Treasury yields continue to climb on Monday, with the 2-year reaching levels not seen since November 2007. Jerome Powell said the central bank’s “overarching” goal was to bring inflation back to its target of 2%. The remarks disappointed investors who had been hoping Powell might offer signs of a pivot.
#JeromePowell #Treasury #News #Business #Markets


3 weeks ago

Asian markets mostly higher as markets await Friday's speech from Fed's Powell - MarketWatch

Trading was delayed in Hong Kong for a storm, while Shanghai shares were virtually unchanged in morning trading. Analysts say share prices were likely to sway for some time, regardless of whether the focus was on controlling inflation or recession risks. A wait-and-see mood has set in over recent sessions as markets wait for signs from the Fed.
#Fed #Asian #HongKong #News #Business #Economy


1 months ago

Stock-market rally faces key challenge at S&P 500's 200-day moving average - MarketWatch

Stocks have roared back from their mid-June lows but have run into stiff resistance at a key moving average for the S&P 500. Failure to overcome it could spark a significant near-term giveback of recent gains and underline notions the summer rally is a bear-market bounce. The index ended at its highest since April 21 on Tuesday, leaving it up 17% from its June 16 low.
#S&P #500 #News #Business #Markets


1 months ago

Wells Fargo eyes 'dramatically smaller' mortgage origination market as it weighs the size of its business - MarketWatch

Wells Fargo is weighing the size of its mortgage business in the face of a "dramatically smaller originations market" The move comes as job cuts continue to impact the mortgage industry, including a reported 1,000-person reduction at JPMorgan Chase & Co. Wells Fargo says it's weighing its mortgage unit "like others in the industry"
#WellsFargo #News #Business #Markets


1 months ago

This stock-market milestone indicates the S&P 500 could be as much as 16% higher one year from today - MarketWatch

The number of S&P 500 stocks trading above their 50-day moving averages reached 93% on Friday. That's the highest level since June 2020, according to Dow Jones Market Data. On Monday, the number of stocks closing above that level was 90.7%. On average, after reaching this market-breadth milestone, stocks gained 16% over the next 12 months.
#MarketWatch #S&P500 #500 #News #Business #Markets


1 months ago

AMC Entertainment Holdings Inc

Shares of AMC Entertainment Holdings Inc. Cl A AMC, +2.44% shed 0.94% to $24.21 Monday. This was the stock's second consecutive day of losses. The NASDAQ Composite Index COMP, -0.19% rose 0.62% to 13,128.05.
#AMCEntertainmentHoldingsInc #News #Entertainment #Movies


1 months ago

Bear market for stocks 'incomplete,' warns Morgan Stanley’s Mike Wilson - MarketWatch

Morgan Stanley’s Michael Wilson is one of the Wall Street's most vocal bears who correctly predicted this year's stock market selloff. He warned that disappointing earnings revisions in the next few months could drive the next leg lower in stocks. Wilson attributed the recent rally to a combination of better-than-feared second quarter earnings, light positioning and hope for a less hawkish Fed path.
#MichaelWilson #MorganStanley #WallStreet #News #Business #Markets


1 months ago